XRP ETF Launch Goes Live — Bloomberg Predicts $17M Day-One Volume
Canary Capital’s long-awaited U.S. spot XRP ETF went live today, opening formal on‑ramp access for investors who have watched XRP from the sidelines. Bloomberg analyst Eric Balchunas has predicted about $17 million in first‑day trading volume, a figure that has generated excitement in the XRP community and will be closely watched as a barometer of initial demand. The launch matters because an approved U.S. spot ETF can broaden participation from retail and institutional channels, potentially improving price discovery and liquidity for XRP. While $17 million is modest compared with early BTC and ETH ETF debuts, it would still signal meaningful capital flow into the token. Traders and market observers will monitor order books and flows through the day to gauge whether this ETF sparks sustained interest or a short‑lived burst of activity.